First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Update

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 39,594 shares, a growth of 162.6% from the August 15th total of 15,079 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average trading volume of 9,994 shares, the days-to-cover ratio is presently 4.0 days.

First Trust Multi Cap Growth AlphaDEX Fund Stock Down 1.0%

First Trust Multi Cap Growth AlphaDEX Fund stock traded down $1.87 during trading hours on Monday, reaching $180.23. 7,877 shares of the company’s stock were exchanged, compared to its average volume of 13,170. The firm has a market capitalization of $558.71 million, a PE ratio of 25.26 and a beta of 1.16. The firm’s 50 day simple moving average is $187.19 and its 200 day simple moving average is $180.44. First Trust Multi Cap Growth AlphaDEX Fund has a twelve month low of $150.01 and a twelve month high of $200.22.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0711 dividend. This represents a $0.28 annualized dividend and a yield of 0.2%. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FAD. Cullen Frost Bankers Inc. acquired a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter worth $58,000. Advocate Investing Services LLC grew its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 223.9% in the 1st quarter. Advocate Investing Services LLC now owns 434 shares of the company’s stock valued at $69,000 after buying an additional 300 shares during the period. Western Wealth Management LLC acquired a new position in First Trust Multi Cap Growth AlphaDEX Fund during the 1st quarter worth approximately $82,000. Rockefeller Capital Management L.P. increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 66.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 834 shares of the company’s stock valued at $135,000 after acquiring an additional 334 shares in the last quarter. Finally, Serenity Investment Advisors acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the first quarter worth approximately $173,000.

About First Trust Multi Cap Growth AlphaDEX Fund

First Trust Multi Cap Growth AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Multi Cap Growth Index (the Index). The Index is an enhanced index created and administered by Standard & Poor’s, which selects stocks from the S&P Composite 1500/Citigroup Growth Index. Standard & Poor’s constructs the Index by employing the AlphaDEX stock selection methodology to rank the stocks from the three component indices that comprise the S&P Composite 1500/Citigroup Growth Index, which are the S&P 500/Citigroup Growth Index, the S&P MidCap 400/Citigroup Growth Index and the S&P SmallCap 600/Citigroup Growth Index.